Iron ore breaks $100 mark on positioning shift and demand hopes (SCO:COM:Commodity)


Steelworker cleaning pouring end of flask during steel pour in steelworks

Monty Rakusen

  • Iron ore topped $100 a ton for the first time in seven weeks on Monday, driven by traders unwinding coking coal bets, anticipated pre-holiday restocking in China, and elevated freight costs.
  • Futures of the steel-making ingredient advanced as much



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